Bulletin: Swiss Cement Maker LafargeHolcim's Announced Divestment Of Holcim Indonesia Is A Positive Step Toward Deleveraging - S&P Global Ratings’ Credit Research

Bulletin: Swiss Cement Maker LafargeHolcim's Announced Divestment Of Holcim Indonesia Is A Positive Step Toward Deleveraging

Bulletin: Swiss Cement Maker LafargeHolcim's Announced Divestment Of Holcim Indonesia Is A Positive Step Toward Deleveraging - S&P Global Ratings’ Credit Research
Bulletin: Swiss Cement Maker LafargeHolcim's Announced Divestment Of Holcim Indonesia Is A Positive Step Toward Deleveraging
Published Nov 13, 2018
3 pages (1171 words) — Published Nov 13, 2018
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Abstract:

MILAN (S&P Global Ratings) Nov. 13, 2018--S&P Global Ratings said today that Switzerland-based LafargeHolcim Ltd.'s plans to divest Holcim Indonesia is a positive step toward deleveraging. The transaction accelerates the improvement of the cement maker's key credit metric, S&P Global Ratings-adjusted funds from operations (FFO) to debt, to comfortably above 22%. On Nov. 12, 2018, LafargeHolcim (BBB/Negative/A-2) signed an agreement to sell its entire 80.6% shareholding in Holcim Indonesia to Semen Indonesia for an enterprise value of US$1.75 billion, on a 100% basis. The planned transaction includes the disposal of LafargeHolcim's entire operations in Indonesia and is part of the group's ongoing portfolio review to divest at least Swiss franc (CHF) 2 billion in assets. LafargeHolcim stated its aim to

  
Brief Excerpt:

...MILAN (S&P Global Ratings) Nov. 13, 2018--S&P Global Ratings said today that Switzerland-based LafargeHolcim Ltd.'s plans to divest Holcim Indonesia is a positive step toward deleveraging. The transaction accelerates the improvement of the cement maker's key credit metric, S&P Global Ratings-adjusted funds from operations (FFO) to debt, to comfortably above 22%. On Nov. 12, 2018, LafargeHolcim (###/Negative/A-2) signed an agreement to sell its entire 80.6% shareholding in Holcim Indonesia to Semen Indonesia for an enterprise value of US$1.75 billion, on a 100% basis. The planned transaction includes the disposal of LafargeHolcim's entire operations in Indonesia and is part of the group's ongoing portfolio review to divest at least Swiss franc (CHF) 2 billion in assets. LafargeHolcim stated its aim to increase its financial strength, targeting net debt to recurring EBITDA of 2x by end-2019, and that this transaction will significantly advance its strategy. LafargeHolcim updated its 2018...

  
Report Type:

Bulletin

Ticker
HOLN@VX
Issuer
LafargeHolcim Ltd.
GICS
Construction Materials (15102010)
Sector
Global Issuers
Country
Switzerland
Region
Pacific
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Swiss Cement Maker LafargeHolcim's Announced Divestment Of Holcim Indonesia Is A Positive Step Toward Deleveraging" Nov 13, 2018. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Swiss-Cement-Maker-LafargeHolcim-s-Announced-Divestment-Of-Holcim-Indonesia-Is-A-Positive-Step-Toward-Deleveraging-2128677>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Swiss Cement Maker LafargeHolcim's Announced Divestment Of Holcim Indonesia Is A Positive Step Toward Deleveraging Nov 13, 2018. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Swiss-Cement-Maker-LafargeHolcim-s-Announced-Divestment-Of-Holcim-Indonesia-Is-A-Positive-Step-Toward-Deleveraging-2128677>
  
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